Director Asset Management

Vermette Recruiting, Inc.; Boston (MA); On-site; USD 140,000 - 230,000; Full time

Job summary

Vermette Recruiting, Inc. is seeking a Director of Asset Management to oversee financial performance, capital planning, procurement, and operations across a diverse portfolio including multifamily, commercial, and hospitality assets.

The role serves as the key liaison between ownership, the management company, and hospitality operators, driving portfolio strategy, financial performance, and long-term value creation.

Qualifications

• Bachelor's degree in Finance, Real Estate, Business, Accounting, Hospitality, or related field preferred.
• 10+ years of progressive experience in asset management, real estate/hospitality operations, finance, or executive leadership.
• Advanced proficiency in financial statements, budgeting, forecasting, valuation, and capital planning.

Responsibilities

• Review monthly financials and KPIs against budget across multifamily, commercial, and hospitality assets.
• Lead annual budgeting with property management and hospitality teams.
• Develop asset-specific business and capital plans, including rent opportunities where applicable.
• Monitor occupancy, collections, and market conditions; evaluate refinancing or redevelopment opportunities.
• Oversee leasing, CAM reconciliations, and operating expense management.
• Provide strategic IT, insurance, risk management, and tax-appeal oversight.

Skills

Asset management

Budgeting

Forecasting

Capital planning

Leadership

Strategic thinking

Education

Bachelor's degree in Finance/Real Estate/Business

Tools

Excel (Advanced)

Job description

We're seeking a strategic, results-driven Director of Asset Management to oversee the financial performance, capital planning, procurement, and operations of a diverse portfolio spanning multifamily, commercial, and hospitality assets. This role is the key liaison between ownership, the management company, and hospitality operators — driving portfolio strategy, financial performance, and long-term value creation.

Key Responsibilities

• Review monthly financials and KPIs against budget/prior-year performance across multifamily, commercial, and hospitality assets; identify opportunities to grow revenue, control costs, and increase value
• Lead the annual budgeting process in partnership with property management and hospitality teams, including hospitality forecast reviews with hotel GMs
• Develop asset-specific business plans and capital plans, including HUD Mark-to-Market rent opportunities where applicable
• Monitor occupancy, collections, retention, and market/competitive conditions across the portfolio
• Evaluate refinancing, repositioning, redevelopment, or disposition opportunities to maximize portfolio performance
• Review property and hospitality management company performance against goals and benchmarks; monitor hospitality metrics (STR, ADR, RevPAR)

Capital Projects & Procurement

• Review capital project bids/contractor proposals and present recommendations to ownership for approval
• Oversee centralized procurement and vendor contracts (utilities, waste/snow removal, maintenance materials, and related services), negotiating for quality and cost savings

Commercial & Lease Oversight

• Oversee commercial leasing — implementation, renewals, tenant relations, and lease negotiations
• Review and approve CAM reconciliations and annual operating expense recoveries

Corporate Operations

• Provide strategic oversight of IT (systems, efficiency, cybersecurity/data security)
• Oversee insurance programs and risk management, including claims analysis and loss prevention
• Lead the real estate tax appeal process with consultants, attorneys, and assessors
• Review service contracts for cost-saving opportunities; support ownership on strategic planning and special projects

Leadership

• Provide leadership and accountability to management company partners, consultants, and internal stakeholders
• Lead cross-functional initiatives spanning operations, accounting, hospitality, leasing, and construction

Qualifications

• Bachelor's degree in Finance, Real Estate, Business, Accounting, Hospitality Management, or related field preferred
• 10+ years of progressive experience in asset management, real estate/hospitality operations, finance, or executive leadership
• Strong grasp of financial statements, budgeting, forecasting, valuation, and capital planning
• Experience across multifamily, commercial, and/or hospitality assets, including commercial leasing and CAM reconciliation
• Demonstrated experience presenting recommendations to ownership, investors, or executive leadership
• Advanced Excel and financial reporting proficiency

Success Factors

• Strategic thinker who balances big-picture planning with hands-on execution
• Strong relationship-builder, comfortable presenting to and influencing ownership/executive leadership
• Results-driven, organized, and accountable — focused on maximizing asset performance